Macquarie Group Ltd. lowered its position in shares of XPO Logistics Inc (NYSE:XPO) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,599 shares of the transportation company’s stock after selling 21,709 shares during the period. Macquarie Group Ltd.’s holdings in XPO Logistics were worth $6,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gables Capital Management Inc. bought a new stake in shares of XPO Logistics during the first quarter valued at approximately $102,000. Signet Financial Management LLC bought a new stake in shares of XPO Logistics during the second quarter valued at approximately $127,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of XPO Logistics during the first quarter valued at approximately $198,000. First Allied Advisory Services Inc. bought a new stake in shares of XPO Logistics during the first quarter valued at approximately $200,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of XPO Logistics during the second quarter valued at approximately $211,000. 92.88% of the stock is owned by institutional investors.

Shares of XPO stock opened at $112.37 on Tuesday. XPO Logistics Inc has a 12-month low of $62.23 and a 12-month high of $115.49. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $14.32 billion, a P/E ratio of 57.47, a P/E/G ratio of 0.84 and a beta of 2.27.

XPO Logistics (NYSE:XPO) last issued its earnings results on Wednesday, August 1st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.01. XPO Logistics had a net margin of 2.84% and a return on equity of 9.12%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. equities analysts predict that XPO Logistics Inc will post 3.49 EPS for the current year.

XPO has been the subject of several analyst reports. Bank of America downgraded shares of XPO Logistics from a “buy” rating to a “neutral” rating in a research report on Thursday, June 14th. R. F. Lafferty initiated coverage on shares of XPO Logistics in a research report on Tuesday, July 10th. They set a “buy” rating and a $125.00 price target for the company. Stifel Nicolaus raised their price target on shares of XPO Logistics from $118.00 to $126.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. Deutsche Bank reissued a “buy” rating and set a $142.00 price target (up previously from $133.00) on shares of XPO Logistics in a research report on Thursday, August 2nd. Finally, ValuEngine downgraded shares of XPO Logistics from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $110.09.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Spain, Europe, Asia, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; and logistics services for domestic, cross-border, and international shipments.

Read More: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO Logistics Inc (NYSE:XPO).

Institutional Ownership by Quarter for XPO Logistics (NYSE:XPO)

Receive News & Ratings for XPO Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO Logistics and related companies with MarketBeat.com's FREE daily email newsletter.